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Today's Headlines

 
April 14, 2022
 
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National

 

Familiar Securities Plaintiff Sues to Stop Berkshire's $11.6 Billion Deal for Alleghany

At least one shareholder of Alleghany Corp. is unhappy with the insurer's agreement to be bought by Warren Buffett's Berkshire Hathaway....
 

U.S. Says Advanced Hackers Have Shown Ability to Hijack Critical Infrastructure

Advanced hackers have shown they can take control of an array of devices that help run power stations and manufacturing plants, the U.S....
 

Judge Finds Tesla Liable to Black Former Worker Who Alleged Bias, but Slashes Payout

A federal judge said on Wednesday Tesla Inc. was liable to a Black elevator operator who said the electric car company ignored racial...
 

Cyber Premiums Rapidly Grew 74% in 2021: Fitch

According to estimates by Fitch Ratings, direct written premiums (DWP) for standalone and packaged cyber insurance increased 74% to...
 

People Moves: AIG Promotes Bolt; RIMS Honors Griffith; Tokio Marine HCC Hires Ingerslev for Cyber; Frenier to Lead CAC Specialty Prof, Cyber Business Development

AIG Appoints Tom Bolt EVP and Chief Risk Officer American International Group (AIG) said Tom Bolt was named Executive Vice President and...
 

Dog-Related Claims Cost U.S. Home Insurers Nearly $900M in 2021

Dog bites and other dog-related injuries accounted for more than one-third of all homeowners liability claim dollars paid out in 2021,...
 

This Year's Hurricane Season Likely to Be Wetter, Just Like 2020, Study Finds

Climate change made the 2020 Atlantic hurricane season noticeably wetter, and it will likely make this season rainier, too, scientists...
 

Commercial Insurance Price Hikes Drop to Single Digits But Cyber Triples: WTW

There still are no price decreases showing up on WTW's regular update of rate changes for more than 30 commercial...
 
More National News »
 
 
 
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Featured Events

 
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June 5 / Baltimore, MD
 
 
 

East

 

Affidavit of Merit Not Needed in Vicarious Liability Claims, Rules New Jersey High Court

A plaintiff is not required to present an affidavit of merit when bringing a vicarious liability claim against a licensed entity for the...
 

Rhode Island to Get $15M in Pollution Settlement With Energy Companies

Rhode Island will get $15 million through a settlement with major oil and gas companies that allegedly polluted the state's soil and...
 

Relation Insurance Grows in East, Acquiring Ex-Nationwide Agency in Connecticut

California-based national agency Relation Insurance Services reports it has acquired the assets of Guilford, Connecticut-based...
 

People Moves: SAN Group Welcomes Fornari; Alliant Hires Aon's Hiller in Pennsylvania

SAN Group Names Fornari as Regional Vice President for Massachusetts Satellite Agency Network (SAN) Group, the alliance of independent...
 

One80 Acquires New York-Based Marine Wholesaler Seacoast Specialty

Boston-based specialty insurance broker One80 Intermediaries reported that it has acquired New York-based Seacoast Specialty...
 
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Midwest

 

Tornado Confirmed in North-Central Iowa

A tornado hit near Gilmore City in rural north-central Iowa as a strong line of storms moved across the state overnight, the National...
 

Blizzard in North Dakota, Possible Tornado in SE Minnesota

A possible tornado tore up a small Minnesota town and a blizzard forced the closure of the North Dakota Capitol, schools and roads, as...
 

Wisconsin Manufacturer Cited After Worker Injured by Machine

An employee working at Crystal Finishing Systems Inc.'s aluminum extrusion facility in Weston, Wisconsin was hospitalized with serious...
 
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Southeast

 

Lighthouse in Rehab in Louisiana But Could Trigger Another Assessment in Florida

Because Lighthouse Property Insurance Co. is domiciled in Louisiana, Florida's insurance regulators probably won't put the troubled...
 

Carolina Supreme Court Says Insurers Owe in Aging Fertilizer Pollution Case

The carriers that insured a Charleston fertilizer plant more than 30 years ago are liable for contamination at the site even though the...
 

13 Tornadoes Destroyed 14 Homes in South Carolina

Severe storms that moved across South Carolina earlier this week caused at least 13 tornadoes and hail the size of baseballs, emergency...
 

North Carolina City Settles Female Firefighter's Discrimination Lawsuit

Officials in a North Carolina city have settled a federal discrimination lawsuit with a former female firefighter who said she had...
 

This Year's Hurricane Season Likely to Be Wetter, Just Like 2020, Study Finds

Climate change made the 2020 Atlantic hurricane season noticeably wetter, and it will likely make this season rainier, too, scientists...
 
More Southeast News »
 
 

Insurance Jobs

 

Commercial Lines Account Manager/CSR - Morgan & Bartlett, Baggett & Shands Insurance Agency - Lufkin, TX

 

Underwriting Director - CIS (Citycounty Insurance Services) - Wilsonville, Oregon

 

Business Systems Analyst - Edge Case Risk Management - Pittsburgh, PA

 

Commercial Lines Carrier Underwriter - 100% REMOTE - Work At Home Vintage Experts - Remote

 

Commercial Transportation Underwriting Manager - JM Wilson - Kalamazoo, MI

 
 
 

South Central

 

Lighthouse in Rehab in Louisiana But Could Trigger Another Assessment in Florida

Because Lighthouse Property Insurance Co. is domiciled in Louisiana, Florida's insurance regulators probably won't put the troubled...
 

Arkansas Sues Hospital for Failing to Protect Sensitive Patient Information

Arkansas Attorney General Leslie Rutledge announced last month a lawsuit against. Eastern Ozarks Regional Health System for failing to...
 

23 Injured in Texas Storms; More Tornadoes Forecast in US

Nearly two dozen people were injured when tornadoes swept through central Texas as part of a storm system that was expected to spawn more...
 
More South Central News »
 
 
 
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West

 

California Appeals Court Says J&J Must Pay $302M in Pelvic Mesh Case

A California appeals court has upheld a lower court ruling that Johnson & Johnson must pay penalties to the state for deceptively...
 

Former California Insurance Agent Arraigned for Allegedly Stealing Premiums

Formerly licensed insurance agent David Lance Hall, 64, of Bakersfield, California, was arraigned this week in Kern County Superior Court...
 

Aon President Andersen Honored with 2022 IICF Golden Horizon Award

The Insurance Industry Charitable Foundation honored Eric J. Andersen, president of Aon, with IICF's Golden Horizon Award. The annual...
 

JUUL Ordered to Pay Washington $22.5M over Ad Practices

Vape seller JUUL must pay $22.5 million to resolve Washington Attorney General Bob Ferguson's lawsuit, which asserts that JUUL violated...
 
More West News »
 
 

International & Reinsurance

 

Dutch Bank ABN Amro Apologizes for Historical Role in Slave Trade

ABN Amro apologized on Wednesday for the pain and suffering caused by the involvement of the Dutch bank's legal predecessors in the slave...
 

Climate Change Exacerbates Africa Cyclones: Study

Extreme rainfall in southeast Africa has become heavier and more likely to occur during cyclones because of climate change, according to...
 

Credit Agricole to Bid for Banco BPM's Insurance Units, in Competition With AXA

Credit Agricole SA intends to bid for Banco BPM SpA's insurance businesses after having bought a minority stake in Italy's third-largest...
 

Reuters - Oil Traders to Cut Russia Oil Purchases to Avoid Falling Foul of EU Sanctions

Major global trading houses are planning to reduce crude and fuel purchases from Russia's state-controlled oil companies as early as May...
 

South Africa's Deadliest Floods in 3 Decades Claim More Than 250 Lives

South Africa's deadliest floods in nearly three decades claimed more than 250 lives and hobbled the nation's busiest port. Transnet SOC...
 

Staff at UK Financial Conduct Authority Vote to Strike Over 'Unacceptable' Pay Reforms

Staff at the UK Financial Conduct Authority have voted to go on strike for the first time in a dispute over pay and conditions. Unite,...
 

Swiss Re Chairman Re-elected Despite Proxy Adviser's Concerns About Diversity

Swiss Re shareholders re-elected Sergio Ermotti as chair, the company said on Wednesday, despite a recommendation by proxy adviser...
 

People Moves: QBE Re Names Barber Head of U.S. Treaty, Succeeding Larson; MNK Re Hires Pillay to Lead S. Africa Branch; Francis Promoted to MD, CFC Response

This edition of International People Moves details appointments at QBE Re in the U.S., specialist broker MNK Re Group and MGA CFC...
 
More International & Reinsurance News »
 
 

Insurance Journal Blogs and Columns

 

A Personal Claim Story - Part 2

In what feels like a Neverending Story (cue the music), we are still dealing with that open property claim that you might have read about...
 
More Blogs »
 
 

Research and Webinars

 
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Navigating a Sea of Uncertainty: 5 Reasons to Select a Cargo Policy

Port accumulation and trans-shipment delays. Extreme weather events. Fires at sea. These are just a few interconnected yet...
 
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Amidst a Widespread Microchip Shortage, Real-Time Insurance Reporting is a Must

Entering into another year of unpredictability in the global supply chain, the shortage of automobile semiconductor chips —...
 
research

Why E&S is a Huge Opportunity for Independent Agents

It's shaping up to be the best E&S lines market in U.S. history. Are you realizing the benefits? In this whitepaper, we'll...
 
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Automate Away the Tedious Parts of Producer Management

Wasting time on repetitive producer management tasks is limiting your ability to grow quickly. Read this whitepaper from...
 
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The Ultimate Tax Savings Guide For Insurance Agents

Tax season is here, and as an insurance agent, there are many unique tax strategies available that will help you maximize your...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 45: Not Being All You Can Be When Being ESG a Bad Risk for Cannabis Companies

Environmental, social and governance is a big part of the world nowadays, and the concept of...
 
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Sign up Today for The InsurTech Summit 2022!

We're back and excited to bring to you another group of industry professionals ready to tackle...
 
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